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Yes, because many people choose not to save. While not everyone could save $100/month (double the amount I mentioned), almost everyone over the age of say 25 ca

Yes, because many people choose not to save. While not everyone could save $100/month (double the amount I mentioned), almost everyone over the age of say 25 can. This was attainable for the majority even 40 years ago. Again, Americans can save more, the savings rate skyrocketed for instance during the pandemic even as unemployment increased dramatically, they choose not to: https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQFv4v64zyWAyLP3f6YEN6pvjffSUsxsGkI7Q&usqp=CAU https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQFv4v6...

toomuchtodo 2y ago
> Yes, because many people choose not to save. You keep saying this, but this is not what the data shows. https://www.google.com/search?q=retirement+crisis https://www.google.com/search?q=retirement+crisis https://www.ncoa.org/article/addressing-the-nations-retirement-crisis-the-80-percent-financially-struggling/ https://www.ncoa.org/article/addressing-the-nations-retireme... https://www.cnn.com/2024/04/02/economy/americans-struggle-to-save-as-retirement-crisis-looms/index.html https://www.cnn.com/2024/04/02/economy/americans-struggle-to... https://www.pewtrusts.org/en/about/news-room/opinion/2024/01/18/america-has-a-retirement-crisis-we-need-to-make-it-easier-to-save https://www.pewtrusts.org/en/about/news-room/opinion/2024/01... https://www.bloomberg.com/news/features/2024-05-24/retirement-crisis-38-trillion-in-us-pensions-401-k-s-annuities-isn-t-enough https://www.bloomberg.com/news/features/2024-05-24/retiremen... | https://archive.today/OZOWz https://archive.today/OZOWz https://www.lynalden.com/september-2024-newsletter/ https://www.lynalden.com/september-2024-newsletter/
- linotype 2y ago
  Those are all links to symptoms, not causes. > 80% of households with older adults—or 47 million of such households—are financially struggling today or are at risk of falling into economic insecurity as they age. I mean, of course people without any savings are struggling financially. I feel like I’m missing something here, the problem seems obvious.
  - FractalHQ 2y ago
    You need extra money to save it.

toomuchtodo 2y ago

> Yes, because many people choose not to save. You keep saying this, but this is not what the data shows. https://www.google.com/search?q=retirement+crisis https://www.google.com/search?q=retirement+crisis https://www.ncoa.org/article/addressing-the-nations-retirement-crisis-the-80-percent-financially-struggling/ https://www.ncoa.org/article/addressing-the-nations-retireme... https://www.cnn.com/2024/04/02/economy/americans-struggle-to-save-as-retirement-crisis-looms/index.html https://www.cnn.com/2024/04/02/economy/americans-struggle-to... https://www.pewtrusts.org/en/about/news-room/opinion/2024/01/18/america-has-a-retirement-crisis-we-need-to-make-it-easier-to-save https://www.pewtrusts.org/en/about/news-room/opinion/2024/01... https://www.bloomberg.com/news/features/2024-05-24/retirement-crisis-38-trillion-in-us-pensions-401-k-s-annuities-isn-t-enough https://www.bloomberg.com/news/features/2024-05-24/retiremen... | https://archive.today/OZOWz https://archive.today/OZOWz https://www.lynalden.com/september-2024-newsletter/ https://www.lynalden.com/september-2024-newsletter/

linotype 2y ago
Those are all links to symptoms, not causes. > 80% of households with older adults—or 47 million of such households—are financially struggling today or are at risk of falling into economic insecurity as they age. I mean, of course people without any savings are struggling financially. I feel like I’m missing something here, the problem seems obvious.
- FractalHQ 2y ago
  You need extra money to save it.